The price action on hourly charts indicates that there is high selling pressure that has broken out from preceding diagonal pattern. It simply indicates weakness and dominance of sellers.
Target 1: 1668 (i.e. Fibs retracement levels of 0.382)
Stoploss: 1840
Target 1: 1668 (i.e. Fibs retracement levels of 0.382)
Stoploss: 1840
Trade active:
Now pursuing to target 1, get your shorts on
